FOREIGN AFFAIRS AND INTERNATIONAL TRADE CANADA / AFFAIRES ÉTRANGÈRES ET COMMERCE INTERNATIONAL CANADA TRADE CONTROLS & TECHNICAL BARRIERS BUREAU /DIRECTION GÉNÉRALE DE LA RÈGLEMENTATION COMMERCIALE ET DES OBSTACLES TECHNIQUES SWLSLA_RUP Date:20-Mar-12 2006 CANADA-US SOFTWOOD LUMBER AGREEMENT  SOFTWOOD LUMBER EXPORTS REPORT

Date of Revision March 20, 2012 11:02:03 AM EDT Period November 1, 2010 - November 30, 2010 Expected US Consumption 2,536,000,000 bfm Adjusted Expected US Consumption** 2,681,000,000 bfm Monthly Trigger Price $250 US Canadian Share of US Consumption Option A Regions 34%  Option B Regions 30%  Region Option Regional Share (bfm) Surge Trigger (bfm)* Quota Volume (bfm) Exports (bfm) Surge Trigger (bfm)* % Quota Volume Remainder Pool Balance (bfm)*** BC Coastal A 42,325,155 46,557,670 20,457,835 43.9% BC Interior A 442,024,800 486,227,280 348,042,578 71.6% Alberta A 63,146,400 69,461,040 93,692,060 134.9% Saskatchewan B 10,881,706 4,237,696 38.9% 3,869,122 Manitoba B 7,333,324 169,418 2.3% Ontario B 79,010,647 33,871,997 42.9% Quebec B 114,967,588 82,679,008 71.9% Maritime Total 90,553,202 Territory Total 0 Excluded Companies 40,629,274 Total: 714,333,068 Notes: Export volumes are based on export permit data and are subject to corrections and final reconciliation. * Represents 110% of Regional Share **For purposes of calculating Regional Quota Volumes under Option B, the EUSC is adjusted in accordance with paragraph 14 of Annex 7D of the Softwood Lumber Agreement 2006. *** Based on export permit data as of the date and time of revision and subject to corrections and final reconciliation. SWLSLA_RUP     Date: March 20, 2012